The GOP tax plan means short-term gains for the economy, but federal debt is primed to explode, CBO analysis says The Congressional Budget Office forecast that the new tax law will generate an average of 0.7 percent growth over the …
Nobody wants to talk about it because they know how dangerous this is. Debt. It follows you wherever you go. If your city, state, province, or country is in debt, it’s still on your back. You can’t escape it. And …
Giving amnesty to the millions of illegal aliens living across the United States will cost American taxpayers about $2 trillion, a researcher predicts. Princeton Policy Adviser President Steven Kopits says in his latest research on illegal immigration that handing over …
https://www.youtube.com/watch?v=nZ8i7DVFkzg When analyzing the United States’ current financial circumstances, an impending “hyperinflation” that could wipe out the purchasing power of today’s U.S. dollar appears inevitable. However, you can protect your assets and wealth from destruction, by holding physical gold or …
No one is really talking about any of the details in this massive spending bill, and since 5G is moving ahead at breakneck speed with total bipartisan support, raising awareness is important. Combined with the CLOUD act – also snuck …
When you allow people to vote themselves raises twice a year, what else would you expect? According to Rand Paul, the US government has become so disgustingly gluttonous that they spend $1.7 billion a year to maintain 770,000 EMPTY buildings—all …
By Michael Snyder I don’t know if I even have the words to express how disgusted I am with the omnibus spending bill that was just rushed through Congress. Members of the House of Representatives were given less than 24 …
Up to $40,000 fine per privacy violation. 50 million users $2 trillion dollar fine. Probably would not actually reach that high but this situation is a raging dumpster fire for Facebook. And to make matters more joyous, Facebook is now …
by Simon Black Well, it happened again. On Friday afternoon, the national debt of the United States hit another major milestone, soaring past $21 trillion for the first time ever. Clearly that is an enormous number… it’s actually larger than the size …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The US gross national debt jumped by $72.8 billion in one day, on Thursday, the Treasury Department reported Friday afternoon. This March 16 is a historic date of gloomy proportions, because on this date, the US …
Libor Scandal Gets Older and Uglier for Banks Societe Generale SA’s deputy CEO has abruptly left the French bank. The cause appears to be the decade-old Libor scandal. With much still unclear, the takeaway for investors is troubling. Didier Valet has left without …
by Brian Maher of Daily Reckoning We have spotted a raven of foreboding… a portent of evil to come… Interest on the public debt struck $28.43 billion last month. That is the highest figure for any February on record. For the …
News Articles here: 1. The $82 Trillion Problem Washington Has Stopped Talking About http://www.thefiscaltimes.com/2018/03… 2. War is coming- Panic over impending social security crisis http://www.nbc-2.com/story/37600858/w… 3. This Is What Life Without Retirement Savings Looks Like https://www.theatlantic.com/business/… 4. US Monthly Deficit …
https://www.youtube.com/watch?v=_x0i092ehFA This must be investigated!!
#LEVERAGE LOOP (Concept adopted from work of Matt Mish of UBS) @StockBoardAsset For a US economy that has a razor-thin cushion of saving, dependence on rising asset prices has never been more obvious NEW HAVEN – The spin is all …
The Fed didn’t even give it a chance to correct. It couldn’t take the risk. They printed money just to be sure. Thanks Fed, you saved the day again! In your opinion, is this a perfect sign that the stock …
by Simon Black Earlier this month, the United States government released its annual financial report for the year 2017. This is something the government does every year, similar to how large companies like Apple, or Warren Buffett’s Berkshire Hathaway, publish their own annual …
California’s Total State and Local Debt Totals $1.3 Trillion FORK DONE! January 10, 2017 We estimate that California state and local governments owe $1.3 trillion as of June 30, 2015. Our analysis is based on a review of federal, state …
Authored by David Stockman via Contra Corner blog, This is getting pretty ridiculous. For old times sake, we recently checked on the Federal debt level during the month we arrived in the Imperial City as a 24-year old eager beaver. That was June …
Jim Rickards interviewed by Alex Stanczyk on The Gold Chronicles In this February edition of The Gold Chronicles, Alex and Jim take a deep dive into the economy, geo-politics, and of course, gold. There is extra care and attention paid to what …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter And these are the good times. As of the latest reporting by the Treasury Department, the US gross national debt rose by $41.5 billion on Thursday, February 22, to a grand total of $20.8 trillion. Here’s …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Just add tax cuts and ballooning expenditures. The media chose to silence the report to death. “If a tree fell in a forest and nobody heard it, did it really make a sound?” asks our …
https://www.youtube.com/watch?v=-OHLTIgYIUA AMAZING MAGA MOVE White House Will Release Promised $1.5 Trillion Infrastructure Plan TODAY To Make America GREATER THAN EVER BEFORE!!
VIX at 38 Is Waterloo for the Beloved Short Volatility Trade Of all the harrowing things seen in the stock market Monday, one was a special nightmare for investors in what has become one of the stock market’s favorite strategies. It’s short …
GENEVA, Feb 5 – U.S. President Donald Trump’s tax reform could bring almost $2 trillion back to the United States as U.S. firms repatriate cash piles from foreign affiliates, a U.N. report said on Monday. Ending the incentive to hoard …
As Cole explains: This is all great as long as volatility is low or dropping, as long as markets are stable.But, in the event that we have a reversal in this, there’s two trillion dollars of equity exposure that self-reflexive-driving …
https://www.youtube.com/watch?v=hEbpks0fWzo Global debt seems to be a subject that’s far removed from most people’s daily lives. But, the Great Recession revealed otherwise. Now, learn why another financial crisis may be just around the corner.
“No money shall be drawn from the treasury, but in consequence of appropriations made by law; and a regular statement and account of receipts and expenditures of all public money shall be published from time to time.” ~ Article I, …
by NEE Climate Change Mitigation Will Cost Germany €2.3 Trillion A new report entitled Klimapfade für Deutschland, compiled by the Germany’s Prognos Institute and the Boston Consulting Group, estimates that Germany’s transition from fossil fuels and nuclear power will cost the nation …
With a global debt load of $291 trillion, these are dangerous times Prudence demands that Canada’s governments get back to a financial position that would allow them to respond to the next financial crisis Scribes of my generation were programmed …